THE TIMES - High cost of fake goods

Counterfeiting has grown to such an extent that the UK "market" is valued at €21.6 billion, according to research by NetNames, an online brand protection company.

Businesses whose products are faked lose out on sales and the problem costs EU governments €167 billion a year. Stuart Fuller, of NetNames, said: "This report highlights the shocking impact [counterfeiting] is having on markets across the globe."